I just invested in trowe price real estate fund.
2007-01-18 08:12:18 · 6 answers · asked by Anonymous in Business & Finance ➔ Investing
hope you didin't put a lot into it the reits are coming down hard and will not recover until summer at the earliest.
2007-01-18 15:25:19 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You did miss a big run up in the last couple of years but you are not too late, in my opinion. There is still room to grow. In the last few days, from the NY Times business section: 1) "The sale of a 41-story skyscraper for $1.8 billion--a recordprice for an office building in Manhattan--closed last week, and the deal is symbolic of the red hot demand from big investors for commercial properties...New York office sales seem set to pass the $30 billion of 2006." 2) The billionaire investor Carl C. Icahn has built up stakes in 2 companies...because he believes the shares are undervalued. One of the companies is a developer of housing in Florida. 3) Late yesterday, a group of investors offered $38 bilion for the nation's largest office landlord, setting off the biggest buyout battle since the fight for RJR Nabiscfo nearly 20 years ago. The group consists of people from Vornado reit, Starwood Capital (of hotel fame), and Neil Bluhm, a Chicago real estate mogul. 4) "Owner of Outlet Malls Agrees to a Buyout." Mills Corporation agreed to be acquired for $1.4 billion by Brookfield Asset Management. And this in just the last 2 days. Mergers and buyouts are going nuts. Those companies not involved in these deals, well there is a saying on wall st., "a rising tide raises all boats." It means other reits not mentioned, may very well be the object of buyout study soon. I am keeping my REIT funds and collection a nice dividend as I wait.
2007-01-18 11:59:50 · answer #2 · answered by gosh137 6 · 0⤊ 0⤋
You're quite late to the party. Reit buyouts + huge total return has been available for yrs. Not likley to see too much for a while now. Better to buy closed end funds like IGR but even that's high now.
2007-01-18 10:08:16 · answer #3 · answered by vegas_iwish 5 · 0⤊ 0⤋
Yes. REIT's have been great but you couldn't pay me to invest in one right now. It sounds like you were chasing performance and that's not a great way to choose an investment. I hope this isn't your only investment money. You need to be diversified and no one sector should be more than 10% of your portfolio.
Good luck!
http://www.personalfinance101.org/?utm_source=YH&utm_medium=link
2007-01-18 08:21:25 · answer #4 · answered by personal_finance_101 3 · 0⤊ 0⤋
Wealth? That might be an exaggeration, but I have made over 70% on my investment in FRESX in a little over two years.....there have been ups and downs...currently I'd say we're swinging up again.....
Probably if you compare holdings between these two, I'd almost bet they're very similar.
Just guessing I'd say you made a nice investment.
Good luck to you.....
2007-01-18 08:28:33 · answer #5 · answered by jebediabartlett 6 · 0⤊ 0⤋
of course someone has.
do you think people would buy something where they constantly lose?
oh wait, it's called lottery tickets
2007-01-18 08:20:32 · answer #6 · answered by conventional 4 · 0⤊ 0⤋